Management

Donald Trump Criticizes Corporate CEO Pay, Macyโ€™s
September 14, 2015 at 9:23 am

Donald Trump isnโ€™t letting up on his controversial campaign style โ€” or his snipes at Macyโ€™s Inc., for that matter. On Sunday, the billionaire businessman and GOP presidential contender, was asked on CBSโ€™ โ€œFace the Nationโ€ about the disparity in pay between corporate chief executive officers and the average worker. โ€œItโ€™s very hard if you have aโ€ฆ

Conn's Names New CEO, Completes Review
September 10, 2015 at 10:44 am

Furniture and home appliance retailer Conn's Inc. on Wednesday said it would securitize $1.4 billion of consumer debt and announced a new chief executive. The chain also completed a strategic review triggered by struggles last year with its credit-financing business. The Woodland, Texas, company announced a slightly worse-than-expected profit for its latest quarter, though revenue met Wallโ€ฆ

H&M Expands Program to Increase Pay for Asian Factory Workers
September 8, 2015 at 10:07 am

H&M, Europeโ€™s second-largest clothing retailer, is rolling out a more generous compensation program for its Asian suppliers to improve factory conditions and combat unrest in the countries that produce the majority of its apparel. The Swedish retailer, which has 3,649 stores across 59 markets, is introducing a โ€œfair wage methodโ€ to 68 factories in China, Cambodiaโ€ฆ

Wal-Mart to Reopen 5 Stores at Center of Union Complaint
September 3, 2015 at 11:51 am

Wal-Mart said it would reopen in late October to early November five U.S. stores whose closure had prompted a union to file a complaint with the National Labor Relations Board, claiming the retailer was retaliating against workers for organizing. Wal-Mart will start hiring for the stores in Texas, Oklahoma, Florida and California, and will encourage previousโ€ฆ

Target Lays Off 235 in Twin Cities Tech Operations, 40 in India
September 3, 2015 at 11:27 am

Six months after the ax fell on hundreds of workers at Target Corp. headquarters, the companyโ€™s technology operations finally felt the effect of its downsizing, with 235 people in the Twin Cities told they were out of a job Tuesday. The retailerโ€™s information technology units were spared in earlier rounds of layoffs as the senior executivesโ€ฆ

Net-a-Porter Founder Quits Mid-Merger With $153M Gain
September 3, 2015 at 11:17 am

Net-a-Porter founder Natalie Massenet said she plans to explore โ€œnew ideas and opportunitiesโ€ after resigning from the online fashion retailer she founded 15 years ago. โ€œMy entrepreneurial drive is as strong today as it always has been, and my passion for innovation will continue to be my greatest guide in business,โ€ Massenet said. Massenetโ€™s departure comes asโ€ฆ

Wal-Mart Cuts Some Workersโ€™ Hours After Pay Raise Boosts Costs
September 1, 2015 at 10:47 am

Wal-Mart, in the midst of spending $1 billion to raise employeesโ€™ wages and give them extra training, has been cutting the number of hours some of them work in a bid to keep costs in check. Regional executives told store managers at the retailerโ€™s annual holiday planning meeting last month to rein in expenses by cuttingโ€ฆ

A Calming Presence
September 1, 2015

An e-commerce lifer โ€” granted, thatโ€™s less than 20 years โ€” Stormy Simon canโ€™t imagine doing anything else for a career. As president of Overstock.com, the Salt Lake City-based online retailer of home goods, furniture, womenโ€™s and menโ€™s apparel, jewelry, electronics and a host of other products, Simon relishes the opportunity to come to work each day in such a dynamic, fast-paced industry. From temp worker to leading a company of 1,500 employees, itโ€™s been quite a 14-year journey for Simon at Overstock.

Gap is Latest Company to Phase Out On-Call Scheduling of Employees
August 27, 2015 at 11:57 am

Facing increasing pressure to curb erratic scheduling practices, Gap announced that it would stop requiring employees to make themselves available for last-minute shifts. The move makes Gap the latest retailer to move away from โ€œon-call scheduling,โ€ which regulators, workersโ€™ rights groups and some academics say is detrimental to employees and their families.  

Starbucks CEO Sends Bizarre Memo Telling Baristas to Be Nicer Because of the Stock Turmoil
August 26, 2015 at 11:47 am

If the only person who soothed you during Mondayโ€™s stock market chaos was an extra-friendly Starbucks barista, thank Howard Schultz. In a flowery memo to the chainโ€™s 190,000 employees (called โ€œpartnersโ€ in Starbucks lingo), the coffee giantโ€™s billionaire chairman and chief executive told baristas to be especially sensitive to the customers asking them for aโ€ฆ